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Financial terms in "Bankruptcy Assistance"
3. interests 4. Receiver 5. schedules 6. Chapter 33 7. petition 9. Creditor 10. proof of claim 11. ballot date 13. cramdown 17. allowed claim 18. matrix 19. Rule 2004 20. joinder 21. Default 22. Chapter 13 23. Section 304 24. pre-petition 25. workout 30. failure 31. liquidation 32. assume 33. Conversion 34. Chapter 9 | 35. gap period 36. bankruptcy judge 39. Debtor 40. discharge (of indebtedness) 42. class 44. NOL 46. Insolvency 47. Trustee 48. Chapter 22 50. Chapter 51. impairment 53. Bankruptcy Reform Act of 1978 54. bar date 55. claims 56. Bankruptcy 58. Section 77B 61. filing fees 62. nunc pro tunc 63. fee examiner 66. Chapter 15 68. Lien | 72. Confirmation 73. vulture funds 74. dismissal 75. fresh start 76. Chapter 20 77. skeleton filing 78. priority claims 81. unsecured claim 82. effective date 83. liquidating reorganization 84. liquidated claim 86. bankrupt 88. omnibus hearing 89. contested matter 91. Chapter 7 92. interim order 94. complaint 99. examiner 100. creditors' committee |
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Definition / Meaning of
Specialist
Categories: Brokerages, Business and Management,
A specialist or specialist unit is a member of a securities exchange responsible for maintaining a fair and orderly market in a specific security or securities on the exchange floor. Specialists execute market orders given to them by other members of the exchange known as floor brokers or sent to their post through an electronic routing system.Typically, a specialist acts both as agent and principal. As agent, the specialist handles limit orders for floor brokers in exchange for a portion of their commission. Those orders are maintained in an electronic record known as the limit order book, or specialist's book, until the stock is trading at the acceptable price. As principal, the specialist buys for his or her own account to help maintain a stable market in a security.For example, if the spread, or difference, between the bid and ask, or the highest price offered by a buyer and the lowest price asked by a seller, gets too wide, and trading in the security hits a lull, the specialist might buy, sell, or sell short shares to narrow the spread and stimulate trading.But because of restrictions the exchange puts on trading, a specialist is not permitted to buy a security when there is an unexecuted order for the same security at the same price in the limit order book.
Most popular terms
1. Securitization2. Inflation-protected Security (TIPS)
3. FACT Act (Fair And Accurate Credit Transactions Act)
4. Target Date Fund
5. McDonough Ratio
6. Option Backdating
7. Margin Clause
8. Prohibited Transactions
9. Auction Rate Security (ARS)
10. Education Savings Account (ESA)
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